PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) posted its quarterly earnings results on Monday. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.13, Zacks reports. PLAYSTUDIOS had a negative return on equity of 17.21% and a negative net margin of 22.36%. The business had revenue of $48.92 million for the quarter, compared to analysts’ expectations of $54.19 million.
PLAYSTUDIOS Price Performance
Shares of MYPS stock opened at $4.68 on Monday. The firm has a 50 day moving average price of $4.56 and a two-hundred day moving average price of $5.17. The company has a market capitalization of $56.21 million, a PE ratio of -1.23 and a beta of 1.01. PLAYSTUDIOS has a 12-month low of $3.53 and a 12-month high of $8.51.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Wall Street Zen raised shares of PLAYSTUDIOS to a “hold” rating in a research report on Saturday, October 17th. Weiss Ratings lowered shares of PLAYSTUDIOS from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, October 26th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PLAYSTUDIOS presently has an average rating of “Hold” and an average price target of $10.00.
Get Our Latest Analysis on PLAYSTUDIOS
About PLAYSTUDIOS
PLAYSTUDIOS, Inc is a developer and publisher of free-to-play casual and social casino-style mobile games. The company combines digital gaming with a loyalty-rewards model, allowing players to earn points through gameplay and redeem them for offers and experiences from hospitality, travel, entertainment and other consumer brands.
Its portfolio includes titles such as myVEGAS Slots, myKONAMI Slots, POP! Slots and MGM Slots Live. PLAYSTUDIOS distributes its games through major mobile and online platforms and serves players internationally, with its products available across multiple geographic markets.
The company was founded in 2011 by Andrew Pascal, who serves as chief executive officer.
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